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Category: FINANCE

Posted on 17/03/2023

HSBC Taiwan wins five Wealth Magazine awards

Photo courtesy of HSBC Bank Taiwan Ltd By 2030, the proportion of Taiwanese adults with wealth of at least US$1 million would reach 10.2 percent, the fourth-highest in Asia, after only Singapore, ...

Posted on 16/03/2023

Singapore property tech company 99 Group raises fresh $11m

JAKARTA -- Property technology company 99 Group, which owns and operates multiple real estate portals in Singapore and Indonesia, has raised $11 million in a Series C round extension from Gaw Capital ...

Posted on 16/03/2023

Singapore stocks slip 0.5% as Asian markets tumble

Singapore’s three local banks reflected those concerns: DBS, OCBC and UOB all closed the day in negative territory, falling between 0.7 per cent and 1.3 per cent. The bottom three STI performers for ...

Posted on 16/03/2023

Singapore pledges support for Indonesia’s new US$34 billion capital Nusantara

"There has been much progress that we have gained since our meeting in Bintan in January 2022. Singapore's investment in Indonesia has increased by more than 40 per cent and our trade volume has ...

Posted on 16/03/2023

UPDATE 1-Singapore, Indonesia to build renewable energy industry in Batam

Singapore and Indonesia plan to develop a renewable energy industry in Batam that will produce equipment and build power plants to supply electricity into Southeast Asia's biggest economy and for ...

Posted on 16/03/2023

DBS, Heritas Capital Raises Over US$20 Million for First Close of Asia Impact First Fund

DBS and Heritas Capital announced the first close of the Asia Impact First Fund (AIFF) with over US$20 million raised.

Posted on 16/03/2023

ThaiBev Exploring Options for Spirits Unit Including IPO, Sources Say

Thai Beverage Pcl is exploring options for its spirits business including an initial public offering in Singapore, according to people with knowledge of the matter. The firm controlled by Thailand’s ...

Posted on 16/03/2023

Singapore bank stocks hit by Credit Suisse crisis, US bank failures

SINGAPORE – Local bank stocks slumped when the market opened on Thursday morning, following a plunge in the shares of Switzerland’s second-biggest bank and fears of wider financial contagion globally ...

Posted on 16/03/2023

Asia stocks slide, safety shines as bank fears spread; Singapore index falls 0.8%

SINGAPORE - Asian stocks tumbled on Thursday, and investors bought gold, bonds and the US dollar as fears of a banking crisis was reignited by fresh troubles at Credit Suisse, leaving markets on edge ...

Posted on 16/03/2023

Let’s not draw the wrong lessons from Singapore’s grand success

Its attribution to authoritarian development would mistake correlation for causation but rule-of-law might be a major factor ...

Posted on 16/03/2023

Soft Start Anticipated For Singapore Stock Market

(RTTNews) - The Singapore stock market on Wednesday ended the five-day losing streak in which it had stumbled more than 115 points or 3.5 percent. The Straits Times Index now rests just above the ...

Posted on 16/03/2023

Coinbase to Offer No-Fee Bank Transfers in Singapore

Coinbase partnered with traditional banking giant Standard Chartered to let Singapore users move funds to and from their accounts through any local bank for free, the company said in the announcement.

Posted on 16/03/2023

Coinbase enters Singapore in partnership with Standard Chartered

As we prepare to ramp up our international expansion over the next 8 weeks, we are thrilled to begin this journey in Singapore.

Posted on 16/03/2023

Vedanta resources repays $100 million to Standard Chartered Bank

The earlier disclosure was made pursuant to facility agreement dated September 8, 2022, entered into between Twin Star Holding, Vedanta Resources and Welter Trading, Standard Chartered Bank (Singapore ...

Posted on 16/03/2023

Vedanta repays $100 million to Standard Chartered Bank, pledged shares released

It added that the company is confident of meeting its liquidity requirements for the quarter ending June 2023.

Posted on 16/03/2023

Coinbase enables local bank transfers in Singapore

Coinbase has updated its retail platform in Singapore to reflect a new strategic banking partnership with Standard Chartered that enables customers to move funds to and from accounts via local banks.

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